"DB plan valuation and plan document with the following non-integrated formula:

Unit Benefit for Past and Future service

• 85% of the participants average annual/monthly compensation multiplied by the participant's years of credited service prior to 12/31/2025 limited to a maximum of 25
• Plus: 0% of participants average annual/monthly compensation multiplied by the participant's years of credited service subsequent to 12/31/2025 limited to a maximum of 25

Plan effective 01/01/2025. Owner only, but may add a couple non-HCEs in the future. Question, is this formula doable?"

"I am trying to avoid the 60 day match notice with a discretionary match. I cannot find anywhere to cap the deferrals taken into account for the match. So for example we have a lot of clients that have no idea how much match they can afford for a given year. So we hardcode the match as a discretionary percentage of the first 4% of pay (could be first 5% of 6%, you get the idea). FTWilliam uses the term 'Matched Employee Contributions.' I cannot find any where that I can cap that term at a given percentage. Has anyone run into this same issue before?"

"I struggle with understanding the Casualty deduction reason for hardship withdrawals. I am not sure if it applies in this case and am asking for any opinions or interpretations. A bad storm blew through and damaged the roof of a 401k participant's house. Not a federal disaster area and it was his principal residence. The insurance will pay for the repairs but he has a $1000 deductible which he does not have. Can her receive this from the 401k plan under the Casualty deduction reason?"